What is the procedure for assessment and clearance of a machinery/parts that was sent overseas for repair, and re-imported into Bangladesh after repair?
16/05/16 at 2:47 pm
In the case of sending a machinery/parts overseas for repair, and re-importing it after repair, the importer shall have to require an Export-cum-Import permit, issued by the Office of the CCI&E.
In the case of re-importation of the machinery/parts, Customs will need to conduct physical inspection/examination to ensure that the imported machinery/parts is the same that were exported earlier. Duties will be assessed and collected on the value as determined below:
C&F Price = Repair cost + Inward freight charge
This C & F price will be used as the assessable value for Customs purposes. The duty rate to be applied shall be the duty rate applicable to the concerned machinery/parts.
If machinery/parts re-imported are not the same machinery/parts that were exported for the purpose of repairing, the aforesaid method will not be applicable. For importation of replacement parts/machinery, duties and taxes will be realizable as a fresh import.
(Reference: Office Order NBR nothi no. 7(12)-Cus-1/94/502. Date- 23/08/2005)
[This is for informational purposes only. In case of contradiction of conflict with relevant Act/Rules, provisions mentioned
or referred to in the said Act/Rules shall prevail.]